MasterCard, the Casino-Gaming Card of Choice
Since its establishment in 1966, MasterCard has developed into a highly recognised financial services organisation. Over the past 50 years, MasterCard has kept up-to-date with the latest in banking technology, making it a popular choice for processing online payments and withdrawals. MasterCard is accepted by millions of retailers worldwide – so you will seldom find a place that doesn’t take MasterCard.
In fact, MasterCard transactions were among the first to be accepted by online vendors and service providers. Unlike those playing in traditional brick-and-mortar casinos, online casino players are not in a position to withdraw or deposit funds in cash; they require fast, safe online banking. The fact that virtually everyone over a certain income level possesses at least one MasterCard credit card, makes MasterCard a preferred payment option for online casino players worldwide.
However, although most online casinos accept MasterCard, not all of them can be recommended. It is advisable to only make use of the best online sites. Before using a site, make sure that it comes recommended as a reputable, legal online casino.
To assist you to decide whether to use MasterCard as your preferred means of transacting, we comprehensively discuss both the positives and negatives associated with MasterCard transactions.
The Negative Features of MasterCard Transactions
Although MasterCard transactions are generally regarded as convenient and safe – which is why they are offered by most online sites and used by so many players – there are circumstances in which using your MasterCard may not be the best option.
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Two negatives associated with using MasterCard stand out:
- Credit card use for online gaming requires self-discipline. When paying with a credit card, you may lose sight of the fact that the money you are using is actually not yours and will have to be repaid. Having easy access to credit can be very tempting when you are absorbed in an online game and convince yourself that, if you keep going just a bit longer, you will win back the money you are spending. If you lack self-control, MasterCard credit card is probably not the best payment option for you.
- Not all casinos accept debit cards so, if you don’t have a credit card, you will not be able to use the MasterCard payment option. To qualify for a credit card, you need to meet various requirements, including proof of earnings above a specified amount.
If you have a MasterCard – or meet the requirements to have one – and consider yourself to be strong enough to resist the temptation of recklessly spending on your credit card, MasterCard transactions may be your ideal payment option.
The Pros of Using Your MasterCard
Transacting with MasterCard is simple, safe and secure – just provide your card details and complete a short verification process. There is no need for signing up with additional sites or going through third parties. What could be easier?
MasterCard has incorporated various security measures into the transaction process. Multiple security checks are used to verify your identity before any payment can be made. A further safety feature in the system allows you a window period during which you may reverse the transaction. MasterCard also offers insurance to cover you in the unlikely event that, despite the stringent security measures, you become a victim of cyber theft or fraud.
Whether you bank at a small institution in a tiny, rural village or at one of the big banks in a large cosmopolitan city, if you have a MasterCard, online casinos that accept MasterCard will be happy to do business with you.